Cryptocurrencies Price Prediction: Bitcoin, Ripple & Chainlink – European Wrap 2 July

FXStreet Team FXStreet

Bitcoin holds above $61,000 as Daily Active Addresses is highest since mid-April

Bitcoin (BTC) is encountering resistance near the $64,000 level, with on-chain data indicating a rise in daily active addresses, slight inflows into US spot Bitcoin ETFs, and the German Government's transfer of 1,500 BTC valued at $94.7 million potentially triggering a minor correction in BTC price before an anticipated upward rally in the coming days.

Ripple ranges above $0.47 as few XRP escrow timelocks expired on Monday

Ripple (XRP) escrow unlocked 1 billion tokens on Monday as part of the planned unlock until January 2025. XRP hovers around $0.48 early on Tuesday, adding more than 1% to its value on the day.

Chainlink poised for a rally as whales buy the dips

Chainlink’s (LINK) price bounced from the $13.15 support level last week and extends recovery above $14.50 on Tuesday. According to Lookonchain data, over the past week, 54 new whale wallets withdrew 2.08 million Oracle tokens valued at $30.28 million from Binance, suggesting less selling pressure on Chainlink’s price and expecting more gains in LINK are likely.

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FXStreet Team

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Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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